This property looks like a bad Long-Term investment with a projected -13.68% first-year return on $52,290 initial cash invested.
-13.68%
Cash On Cash
4.3%
Cap Rate
0.64
DSCR
$1,900
Rent
-$596
Cashflow
Cash Flow
$1,900 income − $2,496 expenses = $596 out of pocket
Investment Breakdown
|
Purchase Price
$249k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$52,290
Downpayment
20%
$49,800
Closing costs
1%
$2,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,900
Total Expenses
$2,496
Mortgage P&I
73%
$1,394
Property Taxes
26%
$502
Home Insurance
5%
$87
HOA
1%
$19
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0